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Gracy Chen, managing director of global cryptocurrency exchange Bitget, advised her followers and friends not to scan their eyeballs in exchange for a few Worldcoin tokens.

“There’s a huge privacy concern,” she tells Magazine, adding that she isn’t optimistic about its price prospects given the anticipated influx of WLD tokens in the near future.

“There will be much more released in the upcoming year or two,” she explains.

Chen admits that her gig with Bitget is pretty cool, but it also means her American pals constantly bug her for favors.

“Since we stopped onboarding U.S. customers, I’ve had lots of friends who hold a U.S. passport ask if they can get a little back way to open an account.”

“I refuse a lot of requests like that. It is a red line that we just don’t cross,” Chen says. 

Before she started steering strategy at Bitget, Chen worked as an anchor and producer at Phoenix TV’s tech and finance channel, a major player in China’s media scene. 

However, a billion-dollar idea came knocking and quickly led Chen away from journalism.

In 2015, she co-founded a tax startup designed for freelancers, and it skyrocketed to unicorn status in just three years.

“It’s a financial tech company. So, what they do is they provide services for freelancers. They serve the freelancers and provide taxation and salary automation services,” she says.

However, one of her proudest achievements was having football legend Lionel Messi join the Bitget team as a partner.

Chen says Messi faced stiff competition from many candidates, but Bitget ultimately selected him due to his paternal qualities and similarities with the exchange. 

“He had a good reputation as a father, husband and team leader, and also we kind of see some similarity between Bitget and Messi,” she states.

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Chen says that Bitget started in a bear market, and similarly, Messi suffered from growth hormone deficiency when he was young and first starting out in the sport.

“He’s not tall. He is at a disadvantage, so he had a very hard starting point as well.”

What led to Twitter fame?

Chen explains that she discovered her love for Twitter, now X, only after snagging her high-ranking crypto position.

“My Twitter following began in crypto. I guess I wasn’t really active on Twitter when I was a journalist because I was mainly covering the Asian market and reporting in Mandarin,” says.

Chen has a very friendly-natured approach to X, explaining breaking events in broken-down, easy-to-understand threads for her followers.

However, she observes that her Twitter following surges during the same periods Bitget’s business activity spikes.

“My followers grew during a certain period of time, from the end of last year to earlier this year. That’s a period of time when I see a singularity point where you see exponential growth, and that’s also when we had growth in our company.”

“So, I would contribute my success or any sort of achievement or following number mainly to Bitget’s growth,” she adds.

What type of Twitter content can you expect?

Chen’s Twitter account offers serious variety. You’ll get a glimpse into her jet-setting escapades, and who knows, you might even stumble upon some wild travel inspiration. 

But when the crypto world goes haywire — whether it’s lawsuits, exchanges going down or everything in between — Chen serves up honest breakdowns in bite-sized portions.

What type of content do you like?

Chen has mixed feelings about Twitter, thinking it can sometimes become a raucous battleground.

“Twitter is basically a very noisy place. Everyone is changing their opinions and trying to be attention grabbers,” Chen declares.

She reveals that she enjoys seeing updates from Altcoin Daily and Coin Bureau, but she advises hardcore Crypto Twitter addicts to tear their eyes away from the screen every now and then.

“I would highly recommend anyone who is a heavy user of crypto information on Twitter to spend at least one hour or two away from social media and do fundamental research and talk to a group of trustworthy friends.”

Predictions

Chen firmly believes that Bitcoin exchange-traded funds are on the path to approval, though 2023 might not be the year it happens.

“Not this year — we only have three months left this year. Maybe early 2024,” she predicts.

She hints that it could be a “very good driving force” for the next bull market. 

When it comes to Coinbase and Binance’s showdown against the SEC, Chen suggests Coinbase might be in safe waters — but Binance could be in for a rollercoaster.

“I personally think that Coinbase is a pretty well-regulated, U.S.-driven crypto exchange, so the lawsuits might be settled by some fines. As for the SEC vs. Binance, it is much trickier.”

However, she is confident that Binance’s legal warriors will put up a good fight:

“I think they have a very, very big and strong legal team to battle this fight.”

Ciaran Lyons

Ciaran Lyons is an Australian crypto journalist. He’s also a standup comedian and has been a radio and TV presenter on Triple J, SBS and The Project.

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No 10 decline to say if Palestine will be recognised with Hamas in power

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No 10 decline to say if Palestine will be recognised with Hamas in power

The prime minister’s spokesman has refused eight times to confirm whether recognition of Palestine could go ahead if Hamas remain in power and the hostages are not released. 

Keir Starmer’s spokesman was questioned by journalists for the first time since the announcement last week that the UK will formally recognise the state in September – unless Israel meets certain conditions including abiding by a ceasefire and increasing aid.

The policy has been criticised by the families of UK hostages, campaigners and some Labour MPs, who argue it would reward Hamas and say it should be conditional on the release of the remaining hostages.

A senior Hamas politician, Ghazi Hamad, speaking to Al Jazeera, said at the weekend that major nations’ decision to recognise a Palestinian state “is one of the fruits of 7 October”.

Gaza latest: Trump pressed to recognise Palestinian state

The PM’s spokesman said on Monday: “The PM is clear that on 7 October, Hamas committed the worst act of terror in Israel’s history. That horror has continued since then.

“As the foreign secretary said over the weekend, Hamas are rightly pariahs who can have no role in Gaza’s future, there is a diplomatic consensus on that. Hamas must immediately release all hostages and have no role in the governance of Gaza.”

But asked whether removing Hamas from power and releasing hostages were conditions for statehood, he said a decision on recognition would be made at the UN General Assembly meeting in September, based on “an assessment of how far the parties have met the steps we have set out. No one side will have veto on recognition through their actions or inactions.”

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Up to 300 children could be evacuated from Gaza and given NHS treatment in the UK. The plans are reportedly set to be announced within weeks.

He added: “Our focus is on the immediate situation on the ground, getting more aid in to end the suffering in Gaza and supporting a ceasefire and a long-term peace for Israelis and Palestinians based a two-state solution.”

Starmer, who recalled his cabinet for an emergency meeting last week before setting out the new position, is following the lead of French president Emmanuel Macron, who first pledged to move toward recognising Palestinian statehood in April.

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Canada has also backed recognition if conditions are met, including by the Palestinian Authority.

The prime minister had previously said he would recognise a state of Palestine as part of a contribution to a peace process.

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Efforts to bring Gazan children to the UK for urgent medical treatment are set to be accelerated under new government plans.

In his announcement last Tuesday, he said: “We need to see at least 500 trucks entering Gaza every day. But ultimately, the only way to bring this humanitarian crisis to an end is through a long-term settlement.

“So we are supporting the US, Egyptian and Qatari efforts to secure a vital ceasefire. That ceasefire must be sustainable and it must lead to a wider peace plan, which we are developing with our international partners.

“I’ve always said we will recognise a Palestinian state as a contribution to a proper peace process, at the moment of maximum impact for the two-state solution. With that solution now under threat, this is the moment to act.”

Adam Rose, a lawyer acting for British families of hostages in Gaza, has said: “Why would Hamas agree to a ceasefire if it knew that to do so would make British recognition of Palestine less likely?”

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Coinbase turns lobbying efforts to UK in scathing op-ed

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Coinbase turns lobbying efforts to UK in scathing op-ed

Coinbase turns lobbying efforts to UK in scathing op-ed

Former UK Chancellor and current Coinbase adviser George Osborne says the UK is falling behind in the cryptocurrency market, particularly when it comes to stablecoins.

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Nigel Farage dared me to walk in London after 9pm: Here’s my response

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Nigel Farage dared me to walk in London after 9pm: Here's my response

At a press conference today in which Reform UK announced the Tory police and crime commissioner for Leicestershire was joining their ranks, as well as former prison governor Vanessa Frake, I asked Nigel Farage a simple question.

But his answer wasn’t what I expected.

I asked the Reform UK leader if the six-week campaign on law and order, with the tagline “Britain is Lawless”, was in fact project fear scaring people into voting for his party.

He utterly rejected that claim and responded to me saying: “No, they are afraid. They are afraid. I dare you, I dare you to walk through the West End of London after 9 o’clock of an evening wearing jewellery. You wouldn’t do it. You know that I’m right. You wouldn’t do it.”

I am not afraid to walk in the West End of London after 9pm wearing jewellery.

I have done it many times before and will continue to do so… but perhaps that is because I do not own a Rolex.

However, just because Farage is wrong on that point, doesn’t mean he isn’t tapping into other legitimate fears across the country.

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Snatch theft does worry me, hence why I now have a phone case with a strap attached to it that I can put around my body.

And I worry about knife crime in my area and what the impact could be if I were to have children – on the weekend someone was stabbed to death a stone’s throw from my house.

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Farage ‘not mincing his words’

However, if we look at the statistics, it is invariably a more nuanced picture than Farage or social media might have us believe.

According to police reports, thefts from a person in London are almost five times the national average, and they’ve been going up since the pandemic.

And the Office for National Statistics (ONS) also notes that thefts outside of the home, eg phone snatching, has increased.

However, possession of weapons has fallen in London by 29% over the last three years.

And according to the ONS, crime in England and Wales is 30% lower than in 2015, and 76% lower than 1995.

And it is a similar picture for violent crime.

In short, am I right to be more worried that snatch theft and knife crime in London is increasing? Yes, and no.

But Nigel Farage is tapping into voters’ emotions – their feelings that the country is broken. It’s a picture the Conservative Party helped to create and the Labour Party happily painted to great effect during the general election campaign of 2024.

And the more politicians of all colours tell voters that “the system is broken”, the more voters might start to believe them.

That is what Nigel Farage is banking on.

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